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Top DePIN Altcoins to Watch in November 2024
As the Decentralized Physical Infrastructure Network (DePIN) sector gains momentum, investors are eyeing emerging altcoins that are disrupting the crypto market with innovative blockchain technology applications. Here are the top five DePIN altcoins to keep an eye on in November.
Bittensor (TAO)
Bittensor, the open-source protocol powering a decentralized blockchain-based machine-learning network, presents a compelling opportunity for investors. The native token, TAO, has shown a recent decline of 15% but may offer a buying opportunity as it hovers around $510.86. Technical analysis suggests a potential price increase towards $681.85 in November.
Filecoin (FIL)
Filecoin, the native token of a decentralized storage system, is undervalued compared to its yearly high. With a recent price increase, FIL could surpass the $3.85 resistance level and head towards $4.29. However, a failure to maintain bullish momentum could see the price retreat to $3.41.
JasmyCoin (JASMY)
JasmyCoin, focused on the Internet of Things (IoT), is trading around $0.019. Technical analysis suggests a potential breakout from a falling wedge pattern, with a target price of $0.034 if the breakout occurs. A failure to surpass $0.020 could lead to a drop to $0.016.
Livepeer (LPT)
Livepeer’s native token, LPT, is supported by a blockchain-based streaming network protocol and has shown resilience with a recent bounce from the $10.68 support level. If bullish momentum continues, LPT could rise above the $11.84 resistance and aim for $13.27 or even $15.23 in a highly bullish scenario. A lack of buying pressure may lead to a drop to $9.96.
Grass (GRASS)
Despite some initial challenges, Grass, a recently launched project, is showing strength and potential in the DePIN space. Currently in price discovery mode, GRASS could see a significant price increase if buyers and sellers establish a fair value. The altcoin’s price could approach $2 if it retests $1 successfully.
Disclaimer
This article is for informational purposes only and should not be considered investment advice. Market conditions are subject to change, so always conduct thorough research and consult with professionals before making financial decisions.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
